PAX GOLD - PAXG/USDT

- USDT (-)

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Type:	Cryptocurrencies
Ticker:	PAXGUSDT
ISIN:

PAX GOLD - PAXG/USDT - Daily - Technical analysis published on 11/21/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

50%

17%

33%

My opinion

Bullish above 1,700.12 USDT

My targets

1,796.54 USDT (+3.66%)

1,836.63 USDT (+5.97%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PAX GOLD - PAXG/USDT as long as the price remains well above 1,700.12 USDT. The buyers' bullish objective is set at 1,796.54 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,836.63 USDT. If there is any crossing, the next objective would be the resistance located at 1,872.04 USDT.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Hungary22. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The PAX GOLD - PAXG/USDT price is 1,733.19 USDT. On the day, this instrument lost -0.91% and was traded between 1,732.12 USDT and 1,752.27 USDT over the period. The price is currently at +0.06% from its lowest and -1.09% from its highest.

1,732.12

1,752.27

1,733.19

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of PAX GOLD - PAXG/USDT in Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 2

Type : Neutral

Timeframe : Daily

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,657.79	1,700.12	1,720.23	1,733.19	1,752.43	1,796.54	1,836.63
Change (%)	-4.35%	-1.91%	-0.75%	-	+1.11%	+3.66%	+5.97%
Change	-75.40	-33.07	-12.96	-	+19.24	+63.35	+103.44
Level	Minor	Major	Major	-	Intermediate	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,728.42	1,732.84	1,740.96	1,745.38	1,753.50	1,757.92	1,766.04
Camarilla	1,745.64	1,746.79	1,747.94	1,749.09	1,750.24	1,751.39	1,752.54
Woodie	1,730.28	1,733.77	1,742.82	1,746.31	1,755.36	1,758.85	1,767.90
Fibonacci	1,732.84	1,737.63	1,740.59	1,745.38	1,750.17	1,753.13	1,757.92

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,652.51	1,685.39	1,716.09	1,748.97	1,779.67	1,812.55	1,843.25
Camarilla	1,729.30	1,735.12	1,740.95	1,746.78	1,752.61	1,758.44	1,764.27
Woodie	1,651.41	1,684.85	1,714.99	1,748.43	1,778.57	1,812.01	1,842.15
Fibonacci	1,685.39	1,709.68	1,724.69	1,748.97	1,773.26	1,788.27	1,812.55

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,472.12	1,541.23	1,584.34	1,653.45	1,696.56	1,765.67	1,808.78
Camarilla	1,596.60	1,606.89	1,617.17	1,627.46	1,637.75	1,648.03	1,658.32
Woodie	1,459.13	1,534.73	1,571.35	1,646.95	1,683.57	1,759.17	1,795.79
Fibonacci	1,541.23	1,584.10	1,610.58	1,653.45	1,696.32	1,722.80	1,765.67

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	55.99
MACD (12,26,9):	23.7500
Directional Movement:	8.17
AROON (14):	28.57
DEMA (21):	1,753.22
Parabolic SAR (0,02-0,02-0,2):	1,783.20
Elder Ray (13):	6.71
Super Trend (3,10):	1,670.08
Zig ZAG (10):	1,733.21
VORTEX (21):	1.1600
Stochastique (14,3,5):	68.42
TEMA (21):	1,766.49
Williams %R (14):	-39.51
Chande Momentum Oscillator (20):	36.51
Repulse (5,40,3):	-0.8800
ROCnROLL:	-1
TRIX (15,9):	0.2200
Courbe Coppock:	9.44

MA7:	1,752.54
MA20:	1,716.94
MA50:	1,681.34
MA100:	1,690.12
MAexp7:	1,744.38
MAexp20:	1,722.66
MAexp50:	1,697.34
MAexp100:	1,704.89
Price / MA7:	-1.10%
Price / MA20:	+0.95%
Price / MA50:	+3.08%
Price / MA100:	+2.55%
Price / MAexp7:	-0.64%
Price / MAexp20:	+0.61%
Price / MAexp50:	+2.11%
Price / MAexp100:	+1.66%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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